Tonight, during a period of rapid market fluctuation, there were 4 liquidations over 10 million dollars each.

On March 23, Magic Eden announced via a tweet that in Q3, it will raise the share of core revenue allocated to ME token buybacks and staker dividends from the previous 15% to 30%.

March 23rd — Onchain Lens data shows High Stakes Capital sold 300,000 HYPE tokens in the past two hours at an average price of $38.17, totaling $11.45 million in proceeds. The firm still holds 302,421 HYPE (valued at ~$11.54 million), with profits exceeding $33.2 million.

March 23: The ARFC proposal to activate Aave V4 on the Ethereum mainnet has passed voting, per the Aave Governance page. The proposal aims to deploy Aave V4 to Ethereum mainnet with a security-first approach, using conservative risk parameters and a Hub and Spoke configuration. In the initial release, Aave V4 will operate on a dedicated interface. Next steps include submitting an AIP proposal with full risk parameters to formally complete code deployment and activation. Aave V4 features a modular architecture: a liquidity core holds shared liquidity, while branches define specific lending environments with governance-constrained risk exposure. The initial deployment plan establishes three cores—Core, Prime, and Plus—supporting assets like AAVE, GHO, wstETH, weETH, cbBTC, USDC, USDT, LINK, and XAUt, among others.

March 23 — Per AXIOS: An Israeli official stated that an intermediary nation is seeking to convene a meeting in Islamabad later this week, with attendees including Iranian Parliament Speaker Qalibaf, U.S. Envoy Wells, Jared Kushner, and Avril Haines.

On March 23, Fortune reported that Kalshi early employee Adhi Rajaprabhakaran has launched 5c(c) Capital—a $35 million fund focused on early-stage prediction market startups. The fund’s partners include Rajaprabhakaran (a former trader who was Kalshi’s second hire) and Noah Zingler-Sternig, Kalshi’s ex-COO. Per fund documents, early backers span Kalshi CEO Tarek Mansour, Polymarket CEO Shayne Coplan, VC giant Marc Andreessen (via his Moneta Luna fund), Ribbit Capital founder Micky Malka, and former Multicoin Capital managing partner Kyle Samani.

**March 23 — NovaBay Pharmaceuticals, a U.S. pharmaceutical firm, has rebranded to Stablecoin Development Corporation and changed its stock ticker from NBY to SDEV, signaling its shift from healthcare to crypto and stablecoin development.** **The company previously closed a $134 million private funding round and now holds roughly 20.6 billion SKY tokens — about 8.78% of the total supply — after building up its SKY position. It has begun staking its SKY tokens and has so far earned approximately 26.6 million SKY in rewards.** **(CoinDesk)**